Former auditing regulator Christina Ho joined a new accounting firm that aims to be 80% automated in the next four years https://t.co/cx0PfWK0FR via @WSJ@markgmaurer
Intuit plans to lay off 17% of its workforce and invest the savings in “big bets” as it makes artificial intelligence a centerpiece of its business @JDeanSeal@kcbroughton https://t.co/8ZL8oBt3JS via @WSJ
@KPMG is partnering with @AnthropicAI to integrate Claude AI tools into its global tax and consulting services, @markgmaurer reports. https://t.co/jbanjm2mkd via @WSJ
The Big Four accounting firm has been grappling with slower demand for certain advisory services and lower voluntary attrition https://t.co/DusZgf9WHg via @WSJ@markgmaurer
Shoppers are increasingly buying goods on TikTok Shop. Retailers want in and are setting up their own virtual storefronts. https://t.co/6jt47aoeBO via @WSJ@JenKayW
KPMG is cutting roughly 10% of its U.S. audit partners, people familiar with the matter said, following a yearslong effort to push more of them to voluntarily retire early https://t.co/NrhzGjtQoC via @WSJ@markgmaurer
As M&A deals bulk up, so have the fees banks rake in advising targets. Last year, six acquisitions generated sell-side fees of at least $100 million, with the top fee at $130 million. https://t.co/bUtBv3bnwT via @WSJ@kcbroughton
Private jet company Wheels Up wants its private jets to be more accessible to certain high-end commercial travelers. https://t.co/HvUHkRhaX3 via @WSJ@JenKayW
Auditing firms are eagerly putting AI agents to work on the most rote part of audits—with human supervision. But some firms harbor bigger plans for their bots. https://t.co/oYPzEx7G4Q via @WSJ@markgmaurer
Technology can do a lot for accountants. But it still can’t save them from the field trips that make them rethink all of their life choices. https://t.co/klsZlzj1ia via @WSJ@markgmaurer
Revolve has long made returns free and easy for its customers, pushing its return rate well above its peers. The company’s executives have no plans to change the policy. https://t.co/yzLv9wp5na via @WSJ@JenKayW
Block warned that deep job cuts across companies will be unavoidable amid greater adoption of artificial intelligence.
https://t.co/JfIFDBgqaU via @WSJ@markgmaurer@waldensiew
Companies are breaking up some of this year’s biggest bond offerings into bite-size pieces for the debt market to digest https://t.co/m3tpUxLkfn via @WSJ@kcbroughton